Coronavirus

Ben Meng’s downfall raises questions about who would succeed him in a job that attracts so much unwelcome attention, not to mention navigate a pandemic.

“Clients have gotten a good scare,” says Dave Welling, CEO of Mercer Advisors.

Here’s what leaders around the world say must be done.

Now that the U.S. is five months into the COVID crisis a new victim is emerging. Caught between small businesses furloughing their staff landlords needing to collect rent are millions of hourly workers.

Such a scenario could "challenge market assumptions both about cyclicality and about eternally negative rates," according to strategists.

The firm has struggled to make money this year amid the market volatility sparked by the COVID-19 pandemic.

“We do not yet know when we’ll return to a more traditional operating model,” a spokeswoman said.

Because of potential tax and compliance implications, they must tell the company if they are working from a location other than their home address.

The funds have recorded $248 billion in net inflows in 2020, up about 5% from this time last year.

“We basically had clients demanding that we find a new home,” after Wells Fargo failed to secure PPP loans for them, an advisor says.

New opportunities and wise practices can maximize the value of your clients’ — or your own — company.

The alternative asset manager surpassed its previous peak from the fourth quarter of 2017.

The “set it and forget it” balanced approach may not work as well anymore, an expert says.

A combination of GLD’s higher fees and an almost relentless demand for the yellow metal have catapulted it from fourth on the revenue leader board in 2017.

Fintechs are facing unique challenges in the pandemic. There might be a resurgence in funding on the horizon, but startups are looking to see what they can do now to weather the storm.

“Astute RIA leaders recognize that now is an opportunity for growth,” says one advisor.

Democrats Elizabeth Warren of Massachusetts and Brian Schatz of Hawaii have sent a letter to CEO Charlie Scharf demanding a response to news reports that the bank has been placing borrowers into forbearance plans without their consent.

Economists say that a V-shaped recovery is unlikely.

The cuts are among the first under new CEO Kentaro Okuda, who since taking the reins has said an existing $1.3 billion restructuring plan is no longer enough.